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Amedeo, Marano & Hufnagel
Certified Public Accountants
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Tax Alerts
Tax Briefing(s)
2026 Post-Filing Season Update2025 Tax Year-in-Review2025 Year-End Tax PlanningOne Big Beautiful Bill Act (Signed Into Law July 4, 2025)Inflation Reduction Act of 2022
IRS Provides Indexing Adjustments for Applicable Dollar Amounts (Rev. Proc. 2026-22)
The IRS has issued indexing adjustments for the applicable dollar amounts under Code Sec. 4980H(c)(1) and (b)(1), which are used to determine the employer shared responsibility payments (ESRP). This...
IRS Updates Conservation Easement Guidance; Warns of Abusive Tax Shelter Risks (IR 2026-63)
The IRS has updated its Conservation Easement website to expand guidance on abusive conservation easement transactions. In the announcement, the IRS stated that promoter-driven conservation easement...
IRS Informs Taxpayers On Filing Amended Returns To Correct Errors
The IRS has advised individual taxpayers that errors in a filed federal return may be corrected by submitting an amended return where key items affecting tax liability have changed. Amendments are gen...
IRS Highlights Digital Tools for Small Businesses During National Small Business Week (Tax Tip 2026-38)
The IRS has highlighted several digital tools and resources available to help small businesses and entrepreneurs manage their tax responsibilities during National Small Business Week. These tools are...
CA - OTA had jurisdiction over appeal, but appeal was moot
The California Office of Tax Appeals (OTA) had jurisdiction to consider a taxpayer's appeal of the Franchise Tax Board's (FTB) denial of a claim for refund of an unclaimed property credit for the 2018...
CT - 2026-2027 motor vehicle fuels tax rate on diesel announced
Effective July 1, 2026, through June 30, 2027, the Connecticut motor vehicle fuels tax rate applicable to the sale or use of diesel fuel is $0.499 per gallon (formerly, $0.489). Announcement 2026(2), ...
DE - Film credit, increase in cigarette and tobacco taxes proposed
Delaware Gov. Matt Meyer delivered a presentation for his fiscal year 2027 budget that includes proposals to increase taxes on cigarettes and other tobacco products and to establish a film tax credit....
DC - District AG opinion affirms nonconformity legislation
The District of Columbia Attorney General issued an opinion on personal and corporate income tax liabilities for tax year 2025. The opinion states that House Joint Resolution 142, disapproving of Emer...
MD - 9-1-1 retirement income credit enacted
Maryland has enacted a nonrefundable personal income tax credit of 4.75% of the first $15,000 of retirement income for service as a 9-1-1 specialist. The credit is available for tax years 2026 through...
NJ - Nexus guidance updated to discuss NFTs
New Jersey revised its technical bulletin discussing nexus to clarify that when the transfer of non-fungible tokens (NFTs) solely represents a transfer of the legal ownership rights in the underlying ...
NY - Enacted budget extends refundability of investment tax credit for farmers
Enacted as part of New York's 2026-27 budget package, A.B. 10008 extends through 2032 the provision making the investment tax credit refundable for eligible farmers. Previously, the provision applied ...
PA - Deadline for property tax/rent rebate program extended
Pennsylvania has extended the deadline for its Property Tax/Rent Rebate (PTRR) program to December 31, 2026, allowing eligible seniors, widows and widowers, and individuals with disabilities additiona...
RI - Prepaid cigarette tax will increase
Rhode Island prepaid sales tax on cigarettes increases to 95 cents (from 90 cents) per pack on July 1, 2026. The prepaid sales tax is calculated annually on April 1 based on the average retail price. ...

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